Opalesque Industry Update - Global venture capital funding has dropped by 20 percent since the onset of the crisis in December 2019. The drop, however, is far from evenly distributed, said a study titled 'The Impact of COVID-19 on Global Startup Ecosystems' by Startup Genome.
China, the first country hit by the coronavirus crisis, had a drop of over 50 percent in funding relatively to the rest of the world in January and February. Nonetheless, China has seen a rebound in March, although with numbers still lower than pre-crisis levels.
